Latest news with #DirkVandePut
Yahoo
20-05-2025
- Business
- Yahoo
Mondelēz International to Participate at the Deutsche Bank Global Consumer Conference on June 4, 2025
CHICAGO, May 20, 2025 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) today announced that Dirk Van de Put, Chief Executive Officer and Luca Zaramella, Chief Financial Officer, will participate in a fireside chat session at the Deutsche Bank Global Consumer Conference on Wednesday, June 4, 2025, at 08:30 a.m. CET. A listen-only webcast will be provided at and a replay of the event will also be available on the company's website. About Mondelēz InternationalMondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2024 net revenues of approximately $36.4 billion, MDLZ is leading the future of snacking with iconic global and local brands such as Oreo, Ritz, LU, Clif Bar and Tate's Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka and Toblerone chocolate. Mondelēz International is a proud member of the Dow Jones Best-in-Class North America and World Indices, formerly Dow Jones Sustainability Indices. Visit or follow the company on X at Contact: Tracey Noe (Media) Shep Dunlap (Investors) +1 847 943 5678 +1 847 943 5454 news@ ir@ Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
02-05-2025
- Business
- Yahoo
Why Mondelez International, Inc. (MDLZ) Surged on Wednesday
We recently published an article titled . In this article, we are going to take a look at where Mondelez International, Inc. (NASDAQ:MDLZ) stands against the other stocks that soared on Wednesday. The stock market finished Wednesday's trading on a lackluster note, with the three major indices finishing mixed, as investors digested news of the US economy's contraction in the first quarter of the year that triggered fears of a possible recession. Among all major indices, only the Dow Jones and S&P 500 ended in the green, up 0.35 percent and 0.15 percent, respectively. In contrast, the tech-heavy Nasdaq dipped by 0.09 percent. Ten firms, on the other hand, managed to record strong gains, thanks to impressive earnings performance and optimistic outlooks for the rest of the year. We have named 10 of the top-performing stocks on Wednesday and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. A colourful array of products like candies, chocolates and gums on a supermarket shelf. Mondelez International, Inc. (NASDAQ:MDLZ) grew its share prices by 3.78 percent on Wednesday to close at $68.13 apiece as investors cheered the company's earnings beat and maintained outlook for the rest of the year. In its latest earnings release, Mondelez International, Inc. (NASDAQ:MDLZ) said that its performance for the first quarter of the year provided the company with continued confidence to maintain its full-year 2025 outlook. For this year, the company reaffirmed organic net revenue growth of 5 percent and adjusted earnings per share to decline by approximately 10 percent. The company also expected free cash flow of more than $3 billion. During the first quarter, net income attributable to the company fell by 71 percent to $402 million from $1.412 billion in the same period a year earlier, while revenues were flat at $9.3 billion. 'We delivered solid Q1 2025 results in line with our expectations, driven by strong execution of our growth strategy while navigating unprecedented cocoa cost inflation,' said MDLZ Chairman and CEO Dirk Van de Put. 'We remain committed to delivering against our strategic agenda and staying agile in this volatile operating environment to drive sustainable shareholder value.' Overall MDLZ ranks 9th on our list of the stocks that soared on Wednesday. While we acknowledge the potential of MDLZ as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than MDLZ but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
02-05-2025
- Business
- Yahoo
Snacking takes a hit as consumer spending shifts to food staples
This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. As consumers rein in spending, the once seemingly unstoppable snacking category is taking a hit. Food giants, including PepsiCo, Mondelēz International and The Campbell's Company, are reporting a slowdown in snack sales as inflation and growing economic uncertainty discourage consumers from purchasing as many cookies, crackers and other treats. Dirk Van de Put, Mondelēz's CEO, told analysts that consumers are purchasing fewer snacks in favor of grocery staples such as meats, vegetables and eggs. In North America, one of the Oreo and Chips Ahoy! maker's biggest markets, net revenues during its most recent quarter dropped 4.1%. 'We see consumers switching to more essentials in grocery, and snacking categories are suffering as a consequence of that,' CEO Dirk Van de Put told analysts. 'What's going on is that the consumer feels very uncertain about the future.' Snacking executives have painted a dour outlook across the food space, with little optimism that things will improve anytime soon. Van de Put told Wall Street he didn't 'expect to see a significant improvement in consumer confidence in the near term in the US.' Last week, PepsiCo's CFO Jamie Caulfield noted consumer sentiment has worsened since February when it reported a slowdown in demand for its snacks and beverages. 'We probably aren't feeling as good about the consumer now as we were a few months ago,' Caulfield said. PepsiCo's snack business has continued to struggle. During its first quarter, PepsiCo said organic revenue in its North American foods business slipped 2%. Executives noted a 'subdued' performance in savory snacks, led by its Frito-Lay business that oversees brands including Doritos and Cheetos. 'Revenue management clearly is becoming more complex as consumers are feeling more challenged with their disposable income,' said Ramon Laguarta, PepsiCo's CEO. The pressure facing snacks prompted competitor The Campbell's Company to lower its outlook last month. The soup and snacks maker forecast sales to rise 6% to 8% this year, instead of 9% to 11%. Organic sales projections also were lowered to be flat or drop by up to 2%. Previously, the company was predicting sales to be unchanged or up 2%. CEO Mick Beekhuizen noted Campbell's was dealing with 'softness' in some snacking categories, most notably cookies and crackers. 'The broader snacking categories didn't improve as we had originally anticipated,' Beekhuizen conceded. As concerns about inflation continue to mount, snack makers are beginning to roll out more affordable options. Shopper loyalty to Mondelēz's biscuit brands 'remains solid,' the CEO noted, and a focus on selling more offerings under $4 is helping to drive share gains. Similarly, PepsiCo launched smaller, single-serve items under $2 and smaller multi-pack options designed to keep the consumers in its brands and promote purchase frequency. And while snacking consumption remains subdued, some categories are faring better than others. Mondelēz's biscuit business, which includes Oreo, Ritz, Triscuit and Chips Ahoy!, is holding up 'better than many other snacking' categories, Van de Put said. Recommended Reading PepsiCo CEO says snacks maker 'accelerating' transition to natural ingredients
Time of India
01-05-2025
- Business
- Time of India
Mondelez beats first-quarter profit estimates on higher prices
Cadbury-parent Mondelez International beat Wall Street estimates for first-quarter profit on Tuesday, driven by the high prices for its chocolates and biscuits. Mondelez implemented several rounds of price increases in recent quarters to offset rising costs of inputs, such as cocoa in 2024, helping the company's earnings. This, along with its new product rollouts including the launch of the Glow Ups variant of its Sour Patch Kids candy and heavy-handed promotional activities and advertising spending helped the company draw in consumers amid high competition in the market. However, Mondelez faces potential uncertainty due to an anticipated surge in product prices following U.S. President Donald Trump's tariff policies , which may impact consumer spending in the U.S., while the trade wars may affect its expansion efforts into emerging markets. Shares of the Chicago-based company were up about 2 per cent after the bell. On an adjusted basis, the company earned 74 cents per share for the quarter ended March 31, ahead of analysts' average estimate of 66 cents per share, according to data compiled by LSEG. The Toblerone maker reported an increase in its prices by 6.6 percentage points in the quarter, while its volumes fell 3.5 percentage points. Mondelez's net revenue rose 0.2 per cent to $9.31 billion for the quarter, compared with analysts' average estimate of $9.33 billion. The company also reaffirmed its annual forecast, including organic net revenue growth of about 5 per cent and a 10 per cent decline in adjusted profits , noting it does not reflect any potential tariff changes. "Our Q1 pricing and share performance, along with the global strength of our categories, provide us with continued confidence in our full-year outlook," said Mondelez CEO Dirk Van de Put in a statement.
Yahoo
29-04-2025
- Business
- Yahoo
Mondelez (NASDAQ:MDLZ) Posts Q1 Sales In Line With Estimates
Packaged snacks company Mondelez (NASDAQ:MDLZ) met Wall Street's revenue expectations in Q1 CY2025, but sales were flat year on year at $9.31 billion. Its non-GAAP profit of $0.74 per share was 12.2% above analysts' consensus estimates. Is now the time to buy Mondelez? Find out in our full research report. Revenue: $9.31 billion vs analyst estimates of $9.31 billion (flat year on year, in line) Adjusted EPS: $0.74 vs analyst estimates of $0.66 (12.2% beat) Adjusted EBITDA: $1.00 billion vs analyst estimates of $1.54 billion (10.8% margin, 34.7% miss) Operating Margin: 7.3%, down from 29.4% in the same quarter last year Free Cash Flow Margin: 8.8%, down from 11% in the same quarter last year Organic Revenue rose 3.1% year on year (4.2% in the same quarter last year) Sales Volumes fell 3.5% year on year (-2.1% in the same quarter last year) Market Capitalization: $84.34 billion 'We delivered solid Q1 2025 results in line with our expectations, driven by strong execution of our growth strategy while navigating unprecedented cocoa cost inflation,' said Dirk Van de Put, Chair and Chief Executive Officer. Founded as Nabisco in 1903, Mondelez (NASDAQ:MDLZ) is a packaged snacks powerhouse best known for its Oreo, Cadbury, Toblerone, Ritz, and Trident brands. A company's long-term performance is an indicator of its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. With $36.46 billion in revenue over the past 12 months, Mondelez is one of the most widely recognized consumer staples companies. Its influence over consumers gives it negotiating leverage with distributors, enabling it to pick and choose where it sells its products (a luxury many don't have). As you can see below, Mondelez's sales grew at a decent 7.7% compounded annual growth rate over the last three years despite selling a similar number of units each year. We'll explore what this means in the "Volume Growth" section. This quarter, Mondelez's $9.31 billion of revenue was flat year on year and in line with Wall Street's estimates. Looking ahead, sell-side analysts expect revenue to grow 4.8% over the next 12 months, a slight deceleration versus the last three years. This projection is underwhelming and indicates its products will see some demand headwinds. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Revenue growth can be broken down into changes in price and volume (the number of units sold). While both are important, volume is the lifeblood of a successful staples business as there's a ceiling to what consumers will pay for everyday goods; they can always trade down to non-branded products if the branded versions are too expensive. To analyze whether Mondelez generated its growth from changes in price or volume, we can compare its volume growth to its organic revenue growth, which excludes non-fundamental impacts on company financials like mergers and currency fluctuations. Over the last two years, Mondelez's quarterly sales volumes have, on average, stayed about the same. This stability is normal as the quantity demanded for consumer staples products typically doesn't see much volatility. The company's flat volumes also indicate its average organic revenue growth of 7.7% was generated from price increases. In Mondelez's Q1 2025, sales volumes dropped 3.5% year on year. This result was a reversal from its historical levels. It was encouraging to see Mondelez beat analysts' EPS expectations this quarter on in-line revenue. The stock traded up 1.3% to $66.46 immediately after reporting. So should you invest in Mondelez right now? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free.
